McPhy Energy : More cautious estimates for the entire year
>Interim results close to our expectations - McPhy has published its half-year results relatively late (vs end of July 2023). Half-year sales amounted to € 9.5m (estimated € 8m) vs € 7m, with growth of +35% mainly generated by the Electrolysers business (€ 9.1m). Unsurprisingly, the half-year results reflect increased losses with an EBITDA of -€ 24.7m (estimated -€ 25.6m) vs -€ 21.6m y-o-y and an underlying operating profit of -€ 27.3m (estimated -€ 27.1m) vs -€ 24.8m...McPhy Energy SAS is a France-based company that develops hydrogen storage and production solutions for the merchant hydrogen market and renewable energy markets. The Company sells solid-state hydrogen technology to provide a way for industrial gas renewable energy storage. Its products include the electrolyzer, a hydrogen generator that uses water as a raw material; solid hydrogen storage solutions with MCP and MGH series; and other ways that integrate electrolyzers and other solutions. It has offices in such countries as France, Italy and Germany and agents and distributors in Europe, Asia and Americas.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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